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Strengthening the corporate bond market is high on the list of priorities of the Financial Stability Coordination Council (FSCC) in 2024.
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The Bureau of Internal Revenue (BIR) has ramped up its tax compliance and tax enforcement drives in 2023, resulting in increased collection performance of PHP 2.34 trillion as of November 2023, exceeding the previous year’s collection of PHP 2.16 trillion by 8.6 percent.
The Department of Finance (DOF)’s Privatization and Corporate Affairs Group (PCAG) has collected a total of PHP 99.98 billion in dividends from Government-Owned or -Controlled Corporations (GOCCs) in 2023, exceeding its collections of PHP 68.34 billion in 2022 by 46 percent.
The Securities and Exchange Commission (SEC) registered a new record in terms of company registrations in 2023, a testament to the ease with which new businesses can be established in the Philippines.
BTr Implements the National Insurance Indemnity Program (NIIP) to Ensure PH’s Financial Resilience1/1/2024 The Bureau of the Treasury (BTr) has officially implemented its National Indemnity Insurance Program (NIIP) to provide adequate and comprehensive insurance coverage for strategically important government assets, ensuring the country’s financial resilience against disasters.
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